Chapter 2. Objectives

Size: px
Start display at page:

Download "Chapter 2. Objectives"

Transcription

1 Chapter 2 A Systems View and Systems Methodology Objectives Define the systems approach and its impact on project management Define a PMLC and understand how to apply it Define several SDLC models and know when to use each different type Define the relationship between the PMLC and the SDLC and understand how the two work together

2 Systems View or Systems Thinking Approach

3 A System and Its Characteristics A System is an inter-related set of components, with an identifiable boundary, working together for some purpose. Any system has nine (9) characteristics: 1) Components - an irreducible part or aggregation of parts 2) Relations (links) - dependence of one subsystem on one or more subsystems 3) A Boundary - a line that sets off the system from its environment 4) A Purpose - the overall goal or function of a system 5) An Environment - everything external to a system that interacts with the system 6) Interfaces - points of system-environment and subsystemsubsystem contacts 7) Input - whatever a system takes from its environment 8) Output - whatever a system returns to its environment 9) Constraint(s) - limit(s) to what a system can accomplish A General Depiction of a System Source: Management Information Systems, 8 th Ed., K. Landon and M. Landon

4 System s Boundary and Environment A system Most of what a Project Manager does exists on the boundaries! This is one more reason that PM must have multiple skills: 1) analytical (problem solving), 2) technical, 3) managerial, 4) communication. CIS Project Management (as a process) Life Cycle (CIS PM LC)

5 PM LC SW/IT/CIS PM Life Cycle A SW/CIS project management life cycle is a prescribed order of phases (smaller segments of the entire project) in which each contains a specific deliverable which collectively deliver a result. What work (tasks) will (should) be done in each phase. A definition of each phase s deliverables and when. The change control process for each deliverable What resources are involved in each deliverable Criteria that needs to be met complete each phase SW/CIS Devel. Model 5 SE framework activities (for large SW projects, or in large-size companies). But in what order? returns/iterations/loops? Feedback from users? Construction Modeling Communication Deployment Planning

6 Classic Models (multiple details in CS590 course) Main Types of SW/IT/CIS Development Process Flow (various types will have significant impact on project time, cost, human resources, quality, etc.) a) Linear process flow ( no feedback, no iterations/loops) b) Iterative process flow ( a circular manner, with a feedback, with iterations) c) Evolutionary process flow (with various versions or increments released) d) Parallel process flow ( no feedback, no iterations/loops, with parallel activities) Software team (project manager, system analyst, software engineers, etc.) MUST identify the best (optimal) process flow or, possibly, a combination of them for a specific software project.

7 Question: Why do we need to know all those types of SE Process Flow? Answer: It is about Money, Time, People, and Quality. Waterfall Model Strengths Is well understood by most practitioners Easier to manage than the new agile methods When working on large complex applications When teams are distributed geographically When using a less experienced IT resources Weaknesses Does not accommodate a change to requirements very well All Requirements must be known and defined in the beginning Does not allow a repeat of a phase (iterate) Limited adaptability to different project types Encourages communications gap between users and IT

8 Evolutionary Prototyping Model Focuses on gathering correct and consistent requirements and is the approach of building a system incrementally through a series of gradual refinements or prototypes Requirements are discovered throughout the process and the system is repeatedly refined based on those discoveries Allows developers to learn from each prototype and apply those lessons to future versions The prototyping approach is an excellent choice for research and development projects, quickly building mockups of system components for user review allows for timely feedback that can be incorporated in the next design or prototype Strengths Visibility customers see steady progress Useful when requirements are changing rapidly or no one fully understands the requirements Weaknesses It is impossible to know at the beginning of the project how long it will take There is no way to know the number of iterations/phases that will be required Difficult to build an accurate cost estimate Spiral Model Similar to the classic waterfall model with the addition of risk analysis and iterations Emphasizes the need to go back and reiterate earlier stages a number of times as the project progresses It's actually a series of short waterfall cycles, each producing an early prototype representing a part of the entire project Examples: 1) Win 95, Win 98, Win 2000, Win XP (2002), Win Vista, Win 7, Win 8, etc. 2) Oracle DB 8, 9, 10, 11, etc. Strengths Good for large complex projects Accommodates change well Can react to risks very quickly Software produced early in the life of the project Increased user visibility Weaknesses Can be a costly model to use Risk analysis requires highly specific expertise Project s success highly dependent on risk analysis Doesn t work well for small projects

9 Spiral Model versus Incremental Model Iterative Model

10 C o m m u n i c a t i o n P l a n n i n g M o d e l i n g analysis design C o m m u n i c a t i o n C o n s t ru c t i o n code t es t P l a n n i n g D e p l o y m e n t d e l i v e r y f e e d b a c k M o d e l i n g anal ysis design C o n s t r u c t i o n code t est C o m m u n i c a t i o n D e p l o y m e n t d e l i v e r y f e e d b a c k P l a n n i n g M o d e l i n g analysis design Co n s t r u c t i o n code t es t D e p l o y m e n t d e l i v e r y f e e d b a c k Incremental Model increment # n increment # 2 delivery of nth increment increment # 1 delivery of 2nd increment delivery of 1st increment project calendar time The 1 st increment = a core product. Following increments are aimed to better meet customer requirements and deliver additional functionality Source: Software Engineering, 7 th Ed., by Roger Pressman The Incremental Model: Real World Example (linux operating system)

11 Iterative and Incremental Model Repeating a process phase until ultimately meeting the project requirements (iterating the phases) and developing and delivering a system in stages (increments) The system grows by adding new and enhanced functionality with each build cycle Each cycle tackles a relatively small set of requirements and proceeds until the entire scope of the project is completed Strengths Generates working software quickly and early Flexibility Ease of testing Ease of risk management Weaknesses Not easy to manage Must be able to estimate well to plan iterations Hard to determine cost and time estimates early in the process New Models for product development life cycle (based on ideas of agility, agile programming)

12 Scrum Model With possible change of requirements, time frame, resources, technology, etc. Based on the concept that software development is not a defined process, but an empirical process with complex input to output transformations that may or may not be repeated under differing circumstances The main idea of Scrum is that systems development involves several environmental and technical variables that are likely to change during the process (for example, requirements, time frame, resources, technology) The name Scrum is essentially derived from the game of rugby. In rugby, a play where two opposing teams attempt to move against each other in large, brute-force groups is called a scrum. Each group must be quick to counter the other s thrust and adjust and exploit any perceived weakness, without the luxury of long term planning This makes the development process unpredictable and complex, requiring flexibility of the systems development process in order to respond to these changes Scrum Model Strengths SCRUM Model strengths: The project is more manageable Progress is made, even when requirements are not stable Everything is visible to everyone Team communication improves The team shares successes along the way and at the end Customers see on-time delivery of increments Customers obtain frequent feedback on how the product actually works SCRUM Model weaknesses: Doesn t work well with large teams Requires experienced developers Not good for mission or life critical systems. Requires hands-on management, but not micromanagement Requires constant monitoring both quantitatively and qualitatively

13 Integration of Project Management Life Cycle and Software Development Life Cycle

14 Systems View in Action: 1) Development (make by yourself) is NOT the only option for Project manager. 2) PM must consider other options Reuse, Buy, Contract, etc., and find the optimal project solution (cost M, time M, HR M., etc.) Chapter 2 A Systems View and Systems Methodology (additional information)

15 Rational Unified Process (RUP) Model Developed as a process complement to the Unified Modeling Language (UML) Adaptable process framework which can be used for both heavy and light projects Based on iterative development paradigm with Four Phases Inception, Elaboration, Construction and Transition Each phase contains one or more iterations Rational Unified Process (RUP) Model: Strengths and Weaknesses RUP Strengths Risks are mitigated (diminished) earlier Change is more manageable Higher level of reuse The project team can learn along the way Better overall quality Enhances team productivity, by providing every team member with easy access to a knowledge base with guidelines, templates and tool mentors for all critical development activities. RUP Weaknesses Not easy to tailor to smaller projects Has a large volume of process guidelines and is detail heavy

16 extreme Programming (XP) Basic approach includes short development cycles, frequent updates, dividing business and technical priorities, and assigning user stories Four key values: communication, feedback, simplicity, and courage Designed to allow small development teams to deliver quickly, change quickly, and change often XP Strengths The project is more manageable Progress is made, even when requirements are not stable Everything is visible to everyone Team communication improves The team shares successes along the way and at the end Customers see on-time delivery of increments Customers obtain frequent feedback on how the product actually works XP Weaknesses Doesn t work well with large teams/projects Requires very experienced team members

17 Integration PROJECT Life Cycle (Phases) and PRODUCT Life Cycles The project life cycle applies to all projects, regardless of the products being produced Product life cycle models vary considerably based on the nature of the product Most large software products are developed as a series of projects (or, a Program) Project management is conducted during all of the product life cycle phases Integration Project to Product Life Cycles 1) The overlap occurs from project life cycle to product life cycle during Analysis and Design. 2) During project Execution the bulk of the product is built.

18 Integration of Project to Product Life Cycles Multiple Phases/Projects (like nested loops in programming)

An Executive s Guide to the Scaled Agile Copyright Net Objectives, Inc. All Rights Reserved 2

An Executive s Guide to the Scaled Agile Copyright Net Objectives, Inc. All Rights Reserved 2 An Executive s Guide to the Scaled Agile Framework Al Shalloway CEO, Net Objectives Al Shalloway CEO, Founder alshall@netobjectives.com @AlShalloway Copyright Net Objectives, Inc. All Rights Reserved 2

More information

Lecture 18: Chapter 27!

Lecture 18: Chapter 27! Lecture 18: Chapter 27! Project Scheduling! Slide Set to accompany Software Engineering: A Practitioner s Approach, 7/e " by Roger S. Pressman Slides copyright 1996, 2001, 2005, 2009 by Roger S. Pressman

More information

CHAPTER 2. Financial Reporting: Its Conceptual Framework CONTENT ANALYSIS OF END-OF-CHAPTER ASSIGNMENTS

CHAPTER 2. Financial Reporting: Its Conceptual Framework CONTENT ANALYSIS OF END-OF-CHAPTER ASSIGNMENTS 2-1 CONTENT ANALYSIS OF END-OF-CHAPTER ASSIGNMENTS NUMBER Q2-1 Conceptual Framework Q2-2 Conceptual Framework Q2-3 Conceptual Framework Q2-4 Conceptual Framework Q2-5 Objective of Financial Reporting Q2-6

More information

The Software Engineering Discipline. Computer Aided Software Engineering (CASE) tools. Chapter 7: Software Engineering

The Software Engineering Discipline. Computer Aided Software Engineering (CASE) tools. Chapter 7: Software Engineering Chapter 7: Software Engineering Computer Science: An Overview Tenth Edition by J. Glenn Brookshear Chapter 7: Software Engineering 7.1 The Software Engineering Discipline 7.2 The Software Life Cycle 7.3

More information

Slides copyright 1996, 2001, 2005, 2009, 2014 by Roger S. Pressman. For non-profit educational use only

Slides copyright 1996, 2001, 2005, 2009, 2014 by Roger S. Pressman. For non-profit educational use only Chapter 34 Project Scheduling Slide Set to accompany Software Engineering: A Practitioner s Approach, 8/e by Roger S. Pressman and Bruce R. Maxim Slides copyright 1996, 2001, 2005, 2009, 2014 by Roger

More information

Lean Leadership & Systems Thinking. Al Shalloway CEO, Enterprise Consultant

Lean Leadership & Systems Thinking. Al Shalloway CEO, Enterprise Consultant Lean Leadership & Systems Thinking Al Shalloway CEO, Enterprise Consultant Copyright Net Objectives, Inc. All Rights Reserved 2 Al Shalloway CEO, Founder alshall@netobjectives.com @AlShalloway Co-founder

More information

Solved MCQs Of CS615 effort, risks, and resources are the factors included in

Solved MCQs Of CS615  effort, risks, and resources are the factors included in Solved MCQs Of CS615 http://www.vustudents.netcost, effort, risks, and resources are the factors included in-------- Estimation Testing Development Maintenance Question No: 5 ( Marks: 2 ) - Please choose

More information

I ll tell you a bit about Earned Value Management, how you do it, and why the big client wants everyone to use it. Then I m going to spend most of

I ll tell you a bit about Earned Value Management, how you do it, and why the big client wants everyone to use it. Then I m going to spend most of 1 I ll tell you a bit about Earned Value Management, how you do it, and why the big client wants everyone to use it. Then I m going to spend most of the time telling you the ways things go wrong in it.

More information

Time boxing planning: Buffered Moscow rules

Time boxing planning: Buffered Moscow rules Time boxing planning: ed Moscow rules Eduardo Miranda Institute for Software Research Carnegie Mellon University ABSTRACT Time boxing is a management technique which prioritizes schedule over deliverables

More information

CHAPTER 2. Financial Reporting: Its Conceptual Framework CONTENT ANALYSIS OF END-OF-CHAPTER ASSIGNMENTS

CHAPTER 2. Financial Reporting: Its Conceptual Framework CONTENT ANALYSIS OF END-OF-CHAPTER ASSIGNMENTS 2-1 CONTENT ANALYSIS OF END-OF-CHAPTER ASSIGNMENTS CHAPTER 2 Financial Reporting: Its Conceptual Framework NUMBER TOPIC CONTENT LO ADAPTED DIFFICULTY 2-1 Conceptual Framework 2-2 Conceptual Framework 2-3

More information

Software Processes. Minsoo Ryu. Hanyang University. Real-Time Computing and Communications Lab., Hanyang University

Software Processes. Minsoo Ryu. Hanyang University. Real-Time Computing and Communications Lab., Hanyang University Software Processes Minsoo Ryu Hanyang University Topics covered 1. What is a Software Process? 2. Software Process Activities 3. Waterfall Development 4. Iterative and Incremental Development 5. Others

More information

Penalty Functions. The Premise Quadratic Loss Problems and Solutions

Penalty Functions. The Premise Quadratic Loss Problems and Solutions Penalty Functions The Premise Quadratic Loss Problems and Solutions The Premise You may have noticed that the addition of constraints to an optimization problem has the effect of making it much more difficult.

More information

INTRODUCTION AND OVERVIEW

INTRODUCTION AND OVERVIEW CHAPTER ONE INTRODUCTION AND OVERVIEW 1.1 THE IMPORTANCE OF MATHEMATICS IN FINANCE Finance is an immensely exciting academic discipline and a most rewarding professional endeavor. However, ever-increasing

More information

FROM 12 TO 21: OUR WAY FORWARD

FROM 12 TO 21: OUR WAY FORWARD FROM 12 TO 21: OUR WAY FORWARD MESSAGE FROM THE BOARD Weldon Cowan, chair of the board of directors The board of directors shares the corporation s excitement about the next phase of the From 12 to 21

More information

FAQs Finance and Budget Modeling Initiative

FAQs Finance and Budget Modeling Initiative FAQs Finance and Budget Modeling Initiative Why do we need to create a new budget model? o To improve transparency, to ensure that data drives decision making, and to make strategic decisions based on

More information

Our original CHAOS Report in 1994 started with the paragraph, In 1986, Alfred Spector, president of Transarc Corporation,

Our original CHAOS Report in 1994 started with the paragraph, In 1986, Alfred Spector, president of Transarc Corporation, CHAOS RepORt: 21 ST ANNIVERSARY EDITION Our original CHAOS Report in 1994 started with the paragraph, In 1986, Alfred Spector, president of Transarc Corporation, co-authored a paper comparing bridge building

More information

Project Selection Risk

Project Selection Risk Project Selection Risk As explained above, the types of risk addressed by project planning and project execution are primarily cost risks, schedule risks, and risks related to achieving the deliverables

More information

The role of an actuary in a Policy Administration System implementation

The role of an actuary in a Policy Administration System implementation The role of an actuary in a Policy Administration System implementation Abstract Benefits of a New Policy Administration System (PAS) Insurance is a service and knowledgebased business, which means that

More information

STRATEGIC IT FINANCE. 6 best practices for. Executive summary. Empowering IT Finance to align spend with business priorities.

STRATEGIC IT FINANCE. 6 best practices for. Executive summary. Empowering IT Finance to align spend with business priorities. 6 best practices for STRATEGIC IT FINANCE Empowering IT Finance to align spend with business priorities. Executive summary For many IT Finance teams, manual budget processes make it difficult to see where

More information

Building the Healthcare System of the Future O R A C L E W H I T E P A P E R F E B R U A R Y

Building the Healthcare System of the Future O R A C L E W H I T E P A P E R F E B R U A R Y Building the Healthcare System of the Future O R A C L E W H I T E P A P E R F E B R U A R Y 2 0 1 7 Introduction Healthcare in the United States is changing rapidly. An aging population has increased

More information

JAYARAM COLLEGE OF ENGINEERING AND TECHNOLOGY DEPARTMENT OF INFORMATION TECHNOLOGY

JAYARAM COLLEGE OF ENGINEERING AND TECHNOLOGY DEPARTMENT OF INFORMATION TECHNOLOGY JAYARAM COLLEGE OF ENGINEERING AND TECHNOLOGY DEPARTMENT OF INFORMATION TECHNOLOGY Two Mark Question for Student s Reference 1. Define software project management. Software Project Management has key ideas

More information

Agile Capital Modelling. Contents

Agile Capital Modelling. Contents Agile Capital Modelling Contents Introduction Capital modelling Capital modelling snakes and ladders Software development Agile software development Agile capital modelling 1 Capital Modelling Objectives

More information

The CISO as a Systems Integrator

The CISO as a Systems Integrator The CISO as a Systems Integrator AKA: Building Your Network Defense through Bad Car Analogies and Idioms Joe McMann Cyber Strategy Leader 2017 LEIDOS. ALL RIGHTS RESERVED. 17-Leidos-0222-1662 PIRA #DIS201702005

More information

AN INTRODUCTION TO RISK CONSIDERATION

AN INTRODUCTION TO RISK CONSIDERATION AN INTRODUCTION TO RISK CONSIDERATION Introduction This cookbook aims at recalling basic concepts and providing simple tools and possibilities of applying the "considering of risks and opportunities" in

More information

Game Theory I. Author: Neil Bendle Marketing Metrics Reference: Chapter Neil Bendle and Management by the Numbers, Inc.

Game Theory I. Author: Neil Bendle Marketing Metrics Reference: Chapter Neil Bendle and Management by the Numbers, Inc. Game Theory I This module provides an introduction to game theory for managers and includes the following topics: matrix basics, zero and non-zero sum games, and dominant strategies. Author: Neil Bendle

More information

Igloo Standard Formula. Simplifying the SCR Solvency II calculation

Igloo Standard Formula. Simplifying the SCR Solvency II calculation Igloo Standard Formula Simplifying the SCR Solvency II calculation Approximately 60% of the UK market (by premium income, and excluding Lloyd s) use Igloo to support their Solvency II requirements. 9 of

More information

Smarter, Faster Product Innovation. Strategic Imperatives for Property & Casualty Insurers

Smarter, Faster Product Innovation. Strategic Imperatives for Property & Casualty Insurers Smarter, Faster Product Innovation Strategic Imperatives for Property & Casualty Insurers Insurers no longer have the luxury of long lead times and slow, cautious product rollouts. The insurance industry

More information

Agile Testing Survival Guide

Agile Testing Survival Guide AN Agile Survival Guide How to build in quality & efficiency right from the start? Ingo Philipp. Cycle Time Years Months Requirements Design Implementation Acceptance Deployment Waterfall Cycle Time Years

More information

Risk Management Made Easy 1, 2

Risk Management Made Easy 1, 2 1, 2 By Susan Parente ABSTRACT Many people know and understand risk management but are struggling to integrate it into their project management processes. How can you seamlessly incorporate project risk

More information

FAQ: Capital Budgeting and Investment

FAQ: Capital Budgeting and Investment Question 1: What are the strengths and weaknesses of the payback period method? Answer 1: The payback period method is a capital budgeting tool that is used to calculate the amount of time (usually in

More information

FRx FORECASTER FRx SOFTWARE CORPORATION

FRx FORECASTER FRx SOFTWARE CORPORATION FRx FORECASTER FRx SOFTWARE CORPORATION Photo: PhotoDisc FRx Forecaster It s about control. Today s dynamic business environment requires flexible budget development and fast, easy revision capabilities.

More information

Chapter 5: Estimating Project Times and Costs 4KF3

Chapter 5: Estimating Project Times and Costs 4KF3 Lecture Notes Importance of Estimates Support good decisions Schedule work o Make sure your team members can take on added work of project Determine length of project and costs o Projects can be cancelled

More information

Report of the Advisory Committee on Administrative and Budgetary Questions

Report of the Advisory Committee on Administrative and Budgetary Questions United Nations General Assembly Distr.: General 3 November 2000 Original: English A/55/543 Fifty-fifth session Agenda item 116 Review of the efficiency of the administrative and financial functioning of

More information

Disaster Risk Finance Analytics Project

Disaster Risk Finance Analytics Project Disaster Risk Finance Analytics Project Development of core open source Disaster Risk Finance quantitative tools Terms of Reference 1. Background Developing countries typically lack financial protection

More information

Meeting the challenges of the changing actuarial role. Actuarial Transformation in property-casualty insurers

Meeting the challenges of the changing actuarial role. Actuarial Transformation in property-casualty insurers Meeting the challenges of the changing actuarial role Actuarial Transformation in property-casualty insurers 1 As companies seek to drive profitable growth, both short term and long term, increasing the

More information

Project Management DR. GRACE LA TORRA, PMP THE SEATTLE SCHOOL OF THEOLOGY AND PSYCHOLOGY

Project Management DR. GRACE LA TORRA, PMP THE SEATTLE SCHOOL OF THEOLOGY AND PSYCHOLOGY Project Management DR. GRACE LA TORRA, PMP THE SEATTLE SCHOOL OF THEOLOGY AND PSYCHOLOGY Terminology A few terms: PMI: Project Management Institute (pmi.org) PMBOK: Project Management Body of Knowledge

More information

Using data mining to detect insurance fraud

Using data mining to detect insurance fraud IBM SPSS Modeler Using data mining to detect insurance fraud Improve accuracy and minimize loss Highlights: combines powerful analytical techniques with existing fraud detection and prevention efforts

More information

Scaling Up. GoToWebinar Housekeeping. Why Organizational Alignment is Critical and Tips for Achieving It

Scaling Up. GoToWebinar Housekeeping. Why Organizational Alignment is Critical and Tips for Achieving It Scaling Up Why Organizational Alignment is Critical and Tips for Achieving It Copyright Net Objectives, Inc. All Rights Reserved 1 GoToWebinar Housekeeping We are recording this presentation Use the Grab

More information

CMU UC Professional Master of Software Engineering

CMU UC Professional Master of Software Engineering Outline The Software Estimation problem CMU UC Professional Master of Software Engineering Estimation Techniques in Software Projects Process oriented estimation techniques The WAG Wild Altogether Guess

More information

Running Your Business for Growth

Running Your Business for Growth Accenture Insurance Running Your Business for Growth Could Your Operating Model Be Standing in the Way? 1 95 percent of senior executives are not certain their companies have the right operating model

More information

Better decision making under uncertain conditions using Monte Carlo Simulation

Better decision making under uncertain conditions using Monte Carlo Simulation IBM Software Business Analytics IBM SPSS Statistics Better decision making under uncertain conditions using Monte Carlo Simulation Monte Carlo simulation and risk analysis techniques in IBM SPSS Statistics

More information

HLCM Procurement Network Procurement Process and Practice Harmonization in Support of Field Operations, Phase II

HLCM Procurement Network Procurement Process and Practice Harmonization in Support of Field Operations, Phase II HLCM Procurement Network Procurement Process and Practice Harmonization in Support of Field Operations, Phase II Introduction This Project proposal has been prepared by the HLCM Procurement Network (PN)

More information

R E S U L T S b a s e d

R E S U L T S b a s e d R E S U L T S b a s e d BUDGETING... Breaking the trade-off between price and performance through public sector innovation. June 2012 SUMMARY Alberta Premier Alison Redford is leading implementation of

More information

Work Breakdown Structure. Managing an Efficient Construction Workflow

Work Breakdown Structure. Managing an Efficient Construction Workflow Work Breakdown Structure Managing an Efficient Construction Workflow Managing an Efficient Construction Workflow The purpose of this whitepaper is to define an operational process that creates an efficient

More information

SIZING UP ZERO- BASED BUDGETING. A closer look at a promising alternative to traditional fiscal planning

SIZING UP ZERO- BASED BUDGETING. A closer look at a promising alternative to traditional fiscal planning SIZING UP ZERO- BASED BUDGETING A closer look at a promising alternative to traditional fiscal planning A closer look at a promising alternative to traditional fiscal planning: SIZING UP ZERO-BASED BUDGETING

More information

Tax operations evolution Drivers, barriers, and building blocks

Tax operations evolution Drivers, barriers, and building blocks Tax operations evolution Drivers, barriers, and building blocks Continued globalization, growing demand for the effective use of resources, and an increasing emphasis on performance measurement are compelling

More information

SWEN 256 Software Process & Project Management

SWEN 256 Software Process & Project Management SWEN 256 Software Process & Project Management Plan: Identify activities. No specific start and end dates. Estimating: Determining the size & duration of activities. Schedule: Adds specific start and end

More information

TAC 216 Companion Guide

TAC 216 Companion Guide IT Project Management Best Practices The Texas A&M University System Version 2018 Last Revised 09/01/2017 Page 1 of 31 Table of Contents Introduction... 4 The A&M System s Approach to Help Members Achieve

More information

Risk Management: Assessing and Controlling Risk

Risk Management: Assessing and Controlling Risk Risk Management: Assessing and Controlling Risk Introduction Competitive Disadvantage To keep up with the competition, organizations must design and create a safe environment in which business processes

More information

Reinforcement Learning (1): Discrete MDP, Value Iteration, Policy Iteration

Reinforcement Learning (1): Discrete MDP, Value Iteration, Policy Iteration Reinforcement Learning (1): Discrete MDP, Value Iteration, Policy Iteration Piyush Rai CS5350/6350: Machine Learning November 29, 2011 Reinforcement Learning Supervised Learning: Uses explicit supervision

More information

Monetary credibility problems. 1. In ation and discretionary monetary policy. 2. Reputational solution to credibility problems

Monetary credibility problems. 1. In ation and discretionary monetary policy. 2. Reputational solution to credibility problems Monetary Economics: Macro Aspects, 2/4 2013 Henrik Jensen Department of Economics University of Copenhagen Monetary credibility problems 1. In ation and discretionary monetary policy 2. Reputational solution

More information

Tax operations evolution Drivers, barriers, and building blocks

Tax operations evolution Drivers, barriers, and building blocks Tax operations evolution Drivers, barriers, and building blocks Continued globalization, growing demand for the effective use of resources, and an increasing emphasis on performance measurement are compelling

More information

LIFE CYCLE ASSET MANAGEMENT. Project Management Overview. Good Practice Guide GPG-FM-001. March 1996

LIFE CYCLE ASSET MANAGEMENT. Project Management Overview. Good Practice Guide GPG-FM-001. March 1996 LIFE YLE Good Practice Guide ASSET MANAGEMENT Project Management Overview March 1996 Department of Energy Office of Field Management Office of Project and Fixed Asset Management ontents 1. INTRODUTION...1

More information

Managing Risk on Agile Projects with the Risk Burndown Chart

Managing Risk on Agile Projects with the Risk Burndown Chart Managing Risk on Agile Projects with the Risk Burndown Chart by Mike Cohn 68 Comments Risk management is a central part of traditional project management and is included as one of the knowledge areas in

More information

Deliverable D7.2 Tool for influencing budget allocation

Deliverable D7.2 Tool for influencing budget allocation OpenBudgets.eu: Fighting Corruption with Fiscal Transparency Project Number: 645833 Start Date of Project: 01.05.2015 Duration: 30 months Deliverable D7.2 Tool for influencing budget allocation Dissemination

More information

Project Management Professional (PMP) Exam Prep Course 06 - Project Time Management

Project Management Professional (PMP) Exam Prep Course 06 - Project Time Management Project Management Professional (PMP) Exam Prep Course 06 - Project Time Management Slide 1 Looking Glass Development, LLC (303) 663-5402 / (888) 338-7447 4610 S. Ulster St. #150 Denver, CO 80237 information@lookingglassdev.com

More information

Reinforcement Learning (1): Discrete MDP, Value Iteration, Policy Iteration

Reinforcement Learning (1): Discrete MDP, Value Iteration, Policy Iteration Reinforcement Learning (1): Discrete MDP, Value Iteration, Policy Iteration Piyush Rai CS5350/6350: Machine Learning November 29, 2011 Reinforcement Learning Supervised Learning: Uses explicit supervision

More information

Best Practices in School Budgeting. Government Finance Officers Association

Best Practices in School Budgeting. Government Finance Officers Association Best Practices in School Budgeting Government Finance Officers Association October 13, 2017 About GFOA Non-profit organization established in 1906 19,000 Members Offices in Chicago and Washington DC Offer

More information

FundSource. Professionally managed, diversified mutual fund portfolios. A sophisticated approach to mutual fund investing

FundSource. Professionally managed, diversified mutual fund portfolios. A sophisticated approach to mutual fund investing FundSource Professionally managed, diversified mutual fund portfolios Is this program right for you? FundSource is designed for investors who: Want a diversified portfolio of mutual funds that fits their

More information

CPM (College of Performance Management) Meetings have focused on this topic in the last year

CPM (College of Performance Management) Meetings have focused on this topic in the last year June 13, 2016 1 PMI - (PMI-ACP Exam tests using EVM with Agile) PMI: EVM should be used on all projects, in all industries, no matter how simple or complex Federal Government is asking for the two approaches

More information

Discussion Paper: What do a toaster, holidays and injury management have in common?

Discussion Paper: What do a toaster, holidays and injury management have in common? The Impact of Compensation on Recovery Discussion Paper: What do a toaster, holidays and injury management have in common? The NPS and its relevance to the personal injury and disability management sector.

More information

Budget Model Assessment

Budget Model Assessment Budget Model Assessment An Update on the Activities of the Joint Task Force on Resource Allocation Co-chairs: Elizabeth Chilton and Tim Anderson January 30 th, 2014 JTFRA Charge The Joint Task Force on

More information

Rating Modernization:

Rating Modernization: Rating Modernization: Leading Force Behind P&C Core Transformation Projects O R A C L E W H I T E P A P E R J U N E 2 0 1 6 Table of Contents Executive Overview 1 Change is Necessary 1 P&C Transformation

More information

Defining Issues. Revenue from Contracts with Customers. June 2014, No

Defining Issues. Revenue from Contracts with Customers. June 2014, No Defining Issues June 2014, No. 14-25 Revenue from Contracts with Customers On May 28, 2014, the FASB and the IASB issued a new accounting standard that is intended to improve and converge the financial

More information

This webinar will be available afterwards at & . Q&A at the end of the presentation

This webinar will be available afterwards at   &  . Q&A at the end of the presentation Before We Start This webinar will be available afterwards at www.windpowerengineering.com & email Q&A at the end of the presentation Hashtag for this webinar: Introducing the Featured Speakers MODERATOR

More information

Surviving an Unsuccessful EMR Implementation: Lessons from the Field Date: August 6, 2013

Surviving an Unsuccessful EMR Implementation: Lessons from the Field Date: August 6, 2013 Surviving an Unsuccessful EMR Implementation: Lessons from the Field Date: August 6, 2013 This paper is being submitted in partial fulfillment of the requirements for ACMPE Fellowship Darryl K. Hull, MPH,

More information

Understanding the customer s requirements for a software system. Requirements Analysis

Understanding the customer s requirements for a software system. Requirements Analysis Understanding the customer s requirements for a software system Requirements Analysis 1 Announcements Homework 1 Correction in Resume button functionality. Download updated Homework 1 handout from web

More information

Guidance Note: Stress Testing Credit Unions with Assets Greater than $500 million. May Ce document est également disponible en français.

Guidance Note: Stress Testing Credit Unions with Assets Greater than $500 million. May Ce document est également disponible en français. Guidance Note: Stress Testing Credit Unions with Assets Greater than $500 million May 2017 Ce document est également disponible en français. Applicability This Guidance Note is for use by all credit unions

More information

Managing operational tax risk through technology

Managing operational tax risk through technology Managing operational tax risk through technology EY Africa Tax Conference September 2014 Panel Daryl Blakeway Director Tax Performance Advisory Leader EY South Africa Anthony Davis Director Tax Performance

More information

The PRINCE2 Practitioner Examination. Sample Paper TR. Answers and rationales

The PRINCE2 Practitioner Examination. Sample Paper TR. Answers and rationales The PRINCE2 Practitioner Examination Sample Paper TR Answers and rationales For exam paper: EN_P2_PRAC_2017_SampleTR_QuestionBk_v1.0 Qu Correct Syll Rationale answer topic 1 A 1.1a a) Correct. PRINCE2

More information

Infrastructure and Urban Primacy: A Theoretical Model. Jinghui Lim 1. Economics Urban Economics Professor Charles Becker December 15, 2005

Infrastructure and Urban Primacy: A Theoretical Model. Jinghui Lim 1. Economics Urban Economics Professor Charles Becker December 15, 2005 Infrastructure and Urban Primacy 1 Infrastructure and Urban Primacy: A Theoretical Model Jinghui Lim 1 Economics 195.53 Urban Economics Professor Charles Becker December 15, 2005 1 Jinghui Lim (jl95@duke.edu)

More information

A DSS BASED METHODOLOGY FOR PROGRAMME MANAGEMENT

A DSS BASED METHODOLOGY FOR PROGRAMME MANAGEMENT A DSS BASED METHODOLOGY FOR PROGRAMME MANAGEMENT P. G. IPSILANDIS, K. SIRAKOULIS, S. POLYZOS, V. GEROGIANNIS [DEPT. OF PROJECT MANAGEMENT, TECHNOLOGICAL EDUCATION INSTITUTE OF LARISSA, GREECE] ABSTRACT

More information

A positive outlook on auto-enrolment contributions phasing. High

A positive outlook on auto-enrolment contributions phasing. High A positive outlook on auto-enrolment contributions phasing High Summary UK businesses are focusing on securing the organisation s future by strengthening their competitive position, increasing revenue

More information

SPECIAL TENDER CONDITIONS FOR THE

SPECIAL TENDER CONDITIONS FOR THE Page 1 SPECIAL TENDER CONDITIONS FOR THE Integrated Applications Promotion (IAP) Programme (CALL FOR PROPOSALS) FEASIBILITY STUDIES Page 2 A. INTRODUCTION The following documents are available on http://emits.esa.int/

More information

1. A methodology provides a strategic-level plan for managing and controlling IT projects. a. True b. False True

1. A methodology provides a strategic-level plan for managing and controlling IT projects. a. True b. False True Link full download of Test Bank for Information Technology Project Management 4th edition by Schwalbe https://digitalcontentmarket.org/download/test-bank-forinformation-technology-project-management-4th-edition-byschwalbe/

More information

NYISO Capital Budgeting Process. Draft 01/13/03

NYISO Capital Budgeting Process. Draft 01/13/03 NYISO Capital Budgeting Process Draft 01/13/03 1 1.0 INTRODUCTION An effective, capital budgeting process is essential to ensure sound capital investment decisions. This report details a recommended approach

More information

2 nd INDEPENDENT EXTERNAL EVALUATION of the EUROPEAN UNION AGENCY FOR FUNDAMENTAL RIGHTS (FRA)

2 nd INDEPENDENT EXTERNAL EVALUATION of the EUROPEAN UNION AGENCY FOR FUNDAMENTAL RIGHTS (FRA) 2 nd INDEPENDENT EXTERNAL EVALUATION of the EUROPEAN UNION AGENCY FOR FUNDAMENTAL RIGHTS (FRA) TECHNICAL SPECIFICATIONS 15 July 2016 1 1) Title of the contract The title of the contract is 2nd External

More information

PROPOSED INTER- AGENCY AGREEMENT (IAA) PILOT

PROPOSED INTER- AGENCY AGREEMENT (IAA) PILOT White Paper BLOCKCHAIN AND INTRAGOVERNMENTAL TRANSFERS (IGT): PROPOSED INTER- AGENCY AGREEMENT (IAA) PILOT Prepared for the Bureau of the Fiscal Service In accordance with FAR Part 15.201, this submission

More information

Risk Management. CITS5501 Software Testing and Quality Assurance

Risk Management. CITS5501 Software Testing and Quality Assurance Risk Management CITS5501 Software Testing and Quality Assurance (Source: Pressman, R. Software Engineering: A Practitioner s Approach. McGraw-Hill, 2005) 2017, Semester 1 Definition of Risk A risk is a

More information

Appendix B: Glossary of Project Management Terms

Appendix B: Glossary of Project Management Terms Appendix B: Glossary of Project Management Terms Assumption - There may be external circumstances or events that must occur for the project to be successful (or that should happen to increase your chances

More information

Computational Methods forglobal Change Research. Economics & Computable General Equilibrium models

Computational Methods forglobal Change Research. Economics & Computable General Equilibrium models Computational Methods forglobal Change Research Economics & Computable General Equilibrium models Overview Economic modelling CGE models concepts maths example GAMS CGE modelling software Hands on with

More information

How quantitative methods influence and shape finance industry

How quantitative methods influence and shape finance industry How quantitative methods influence and shape finance industry Marek Musiela UNSW December 2017 Non-quantitative talk about the role quantitative methods play in finance industry. Focus on investment banking,

More information

CASUALTY ACTUARIAL SOCIETY STRATEGIC PLAN

CASUALTY ACTUARIAL SOCIETY STRATEGIC PLAN CASUALTY ACTUARIAL SOCIETY STRATEGIC PLAN Adopted August 7, 2017 Contents 1 Overview... 1 2 10- to 30-Year Planning Horizon: Core Ideology... 2 3 Envisioned Future... 4 4 5- to 10-Year Planning Horizon:

More information

White Paper. Not Just Knowledge, Know How! Artificial Intelligence for Finance!

White Paper. Not Just Knowledge, Know How! Artificial Intelligence for Finance! ` Not Just Knowledge, Know How! White Paper Artificial Intelligence for Finance! An exploration of the use of Artificial Intelligence (AI) in the management of Budgeting, Planning and Forecasting (BP&F)

More information

FRTB. NMRF Aggregation Proposal

FRTB. NMRF Aggregation Proposal FRTB NMRF Aggregation Proposal June 2018 1 Agenda 1. Proposal on NMRF aggregation 1.1. On the ability to prove correlation assumptions 1.2. On the ability to assess correlation ranges 1.3. How a calculation

More information

Project planning and creating a WBS

Project planning and creating a WBS 37E01500 Project Management and Consulting Practice Project planning and creating a WBS Matti Rossi Lecture 3, Tue 28.2.2017 Learning objectives Describe the project time management planning tasks, and

More information

Effective Corporate Budgeting

Effective Corporate Budgeting Effective Corporate Budgeting in 8 Easy Steps This ebook will offer 8 easy and easy and proven steps for improving your corporate budgeting and planning process. You will see that by making a few small

More information

How Can Life Insurers Improve the Performance of Their In-Force Portfolios?

How Can Life Insurers Improve the Performance of Their In-Force Portfolios? Third in a series of four How Can Life Insurers Improve the Performance of Their In-Force Portfolios? A Systematic Approach Covering All Drivers Is Essential By Andrew Harley and Ian Farr In-force portfolios

More information

IFRS 4 Phase II Operational impacts

IFRS 4 Phase II Operational impacts IFRS 4 Phase II Operational impacts Contents 1 Executive summary... 1 2 Overview... 2 3 Major impacts... 4 4 Major operational gaps... 10 5 Implementation and next steps... 14 6 How EY can help... 16 7

More information

(Re)insurance Fast Forward. Régis DELAYAT Senior Digital Advisor to the Chairman February 28 th, 2018

(Re)insurance Fast Forward. Régis DELAYAT Senior Digital Advisor to the Chairman February 28 th, 2018 (Re)insurance Fast Forward Régis DELAYAT Senior Digital Advisor to the Chairman February 28 th, 2018 Agenda 1 The value of standards (ACORD source) 2 2 3 The global Ruschlikon initiative With B3i, less

More information

ECONOMIC GROWTH CHAPTER

ECONOMIC GROWTH CHAPTER ECONOMIC GROWTH 17 CHAPTER The Basics of Economic Growth U.S. real GDP per person and the standard of living tripled between 1960 and 2010. We see even more dramatic change in China, where incomes have

More information

Mechanism and Methods of Enterprise Financing System Flexibility

Mechanism and Methods of Enterprise Financing System Flexibility Proceedings of the 8th International Conference on Innovation & Management 819 Mechanism and Methods of Enterprise Financing System Flexibility Zhang Ganggang 1, Ma Inhua 2 1. School of Vocational Technical,

More information

Best Practices for Maximizing Returns in Multi-Currency Rates Trading. Copyright FinancialCAD Corporation. All rights reserved.

Best Practices for Maximizing Returns in Multi-Currency Rates Trading. Copyright FinancialCAD Corporation. All rights reserved. Best Practices for Maximizing Returns in Multi-Currency Rates Trading Copyright FinancialCAD Corporation. All rights reserved. Introduction In the current market environment, it is particularly important

More information

13.1 Quantitative vs. Qualitative Analysis

13.1 Quantitative vs. Qualitative Analysis 436 The Security Risk Assessment Handbook risk assessment approach taken. For example, the document review methodology, physical security walk-throughs, or specific checklists are not typically described

More information

Inflation Targeting and Output Stabilization in Australia

Inflation Targeting and Output Stabilization in Australia 6 Inflation Targeting and Output Stabilization in Australia Guy Debelle 1 Inflation targeting has been adopted as the framework for monetary policy in a number of countries, including Australia, over the

More information

D4.7: Action planning manager

D4.7: Action planning manager Lower the impact of aggravating factors in crisis situations thanks to adaptive foresight and decision-support tools D4.7: Action planning manager For the attention of the Research Executive Agency Organization

More information

2) What is algorithm?

2) What is algorithm? 2) What is algorithm? Step by step procedure designed to perform an operation, and which (like a map or flowchart) will lead to the sought result if followed correctly. Algorithms have a definite beginning

More information

Risk Management Made Easy. I. S. Parente 1

Risk Management Made Easy. I. S. Parente 1 Risk Management Made Easy I. S. Parente 1 1 Susan Parente, MS Engineering Management, PMP, CISSP, PMI-RMP, PMI-ACP, CSM, CSPO, PSM I, ITIL, RESILIA, CRISC, MS Eng. Mgmt.; S3 Technologies, LLC, Principal

More information

Utilizing a Centralized Calculation Repository for Increased Business Agility in Life and Annuity Insurance ORACLE WHITE PAPER SEPTEMBER 2014

Utilizing a Centralized Calculation Repository for Increased Business Agility in Life and Annuity Insurance ORACLE WHITE PAPER SEPTEMBER 2014 Utilizing a Centralized Calculation Repository for Increased Business Agility in Life and Annuity Insurance ORACLE WHITE PAPER SEPTEMBER 2014 Table of Contents Executive Summary 1 Response: The Two Ends

More information

Crowe, Dana, et al "EvaluatingProduct Risks" Design For Reliability Edited by Crowe, Dana et al Boca Raton: CRC Press LLC,2001

Crowe, Dana, et al EvaluatingProduct Risks Design For Reliability Edited by Crowe, Dana et al Boca Raton: CRC Press LLC,2001 Crowe, Dana, et al "EvaluatingProduct Risks" Design For Reliability Edited by Crowe, Dana et al Boca Raton: CRC Press LLC,2001 CHAPTER 13 Evaluating Product Risks 13.1 Introduction This chapter addresses

More information